Australia has taken over as chair of the G-20 economic forum with prime minister Tony Abbott saying he will lead by example.
Barak Obama, Vladimir Putin and the other leaders will be in Brisbane in November next year for the 400-million-dollar talkfest on global financial stability.
It's also a great opportunity for spying, but Mr Abbott was making no comment on that issue.
Stefan Armbruster reports.
In just under a year, the world's most powerful and influential leaders will descend on Brisbane for talks on maintaining stability in the free market system.
The G-20 represents 85% of global annual economic growth, 75% of trade and 65% of the world's population.
The meeting in Brisbane is billed as the most important gathering of leaders in Australian history.
As G-20 chair, Mr Abbott says leading economies should look to Australia.
"That means getting tax down, regulation down and productivity up and importantly that means government's living within their means."
That's as countries like Spain, Greece and others trying to deal with the European financial crisis are raising taxes.
Mr Abbott says he's not out of step.
"I'm proposing obviously to put our point of view forward, and we won't just be doing what we believe is the right thing but we will be demonstrating what we believe is sound economic policy."
Sounds all very dry.
Local onlookers at the launch in Brisbane overlooking the central business district were unexcited.
"Personally it probably doesn't mean too much, to tell you the truth because this is in the higher realm of global politics. For a normal guy like myself, it probably doesn't have much affect and I don't have much influence."
A massive security operation will be mounted for the expected 4000 officials and 3000 visiting media.
Recent evidence suggests G-20s also present an opportunity for spying.
Revelations from the Snowden leaks allege Canada worked with US agents at the Toronto G20 and Russia snooped at this year's meeting in St Petersberg.
As host, Mr Abbott was not making any promises.
"Well I can promise leaders of the world visiting Australia that I'll be absolutely candid with them, I won't be saying anything in private that I won't be saying in public, â¦. apart from that I don't comment on intelligence matters, never have and never will."
